Major reduction in charges for freehold rights in JJ and resettlement colonies :
The cabinet approved the proposal to drastically reduce the rates for freehold rights of JJ and resettlement colonies.
It has been decided that for original allottees the new rates will be Rs 500 per square meter.
For those who have bought properties from original allottees and subsequent buyers, the rates will be Rs 2,000 per square meter.
Earlier rates were 30% of the circle rates before 2007 and after 2007 the rates were hiked to 100% of the circle rates.
The cabinet decision is fulfillment of the promise made by the government to the residents of these colonies and it will help atleast 60,000 households.